New Delhi, June 10 -- The global passenger cars market was valued at approximately USD 1.8 trillion in 2024 and is expected to grow at a CAGR of around 6.8-7.8% to reach over USD 3.3 trillion by 2032-2033. Meanwhile, the utility vehicles market is estimated at USD 34.91 billion in 2025, projected to nearly double to USD 67.59 billion by 2032 with a CAGR of about 9.9%. Growth drivers include rising urbanization, increasing disposable incomes, electrification, and demand for multi-purpose vehicles in commercial and recreational sectors.

With a market capitalization of Rs 2.68 lakh crore, the shares of Tata Motors Ltd were trading at Rs 728.50 per share, increasing around 1.49 percent as compared to the previous closing price of Rs 717.80 a...